The Pension Fund Regulatory and Development Authority Act, 2013
42.
Accounts
and audit.
1. The Authority shall
maintain proper accounts and other relevant records and prepare an annual
statement of accounts in such form as may be prescribed by the Central
Government in consultation with the Comptroller and Auditor-General of India.
2. The accounts of the
Authority shall be audited by the Comptroller and Auditor-General of India at
such intervals as may be specified by him and any expenditure incurred in
connection with such audit shall be payable by the Authority to the Comptroller
and Auditor-General.
3. The Comptroller and
Auditor-General of India and any other person appointed by him in connection
with the audit of the accounts of the Authority shall have the same rights,
privileges and authority in connection with such audit as the Comptroller and
Auditor-General generally has in connection with the audit of the Government
accounts and, in particular, shall have the right to demand the production of
books, accounts, connected vouchers and other documents and papers and to
inspect any of the offices of the Authority.
4. The accounts of the
Authority as certified by the Comptroller and Auditor-General of India or any
other person appointed by him in this behalf, together with the audit-report
thereon, shall be forwarded annually to the Central Government and that
Government shall cause the same to be laid before each House of Parliament.